Overview and Scope
The chromatography resins market are used to capture and polish monoclonal antibodies (mAbs), antibody fragments, vaccines, and other biomolecules using a stationary phase. The mobile phase drives the sample and the chromatography resins in the stationary phase allowing its purification.
Sizing and Forecast
The chromatography resins market size has grown strongly in recent years. It will grow from <b>$2.73 billion in 2023 to $2.97 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. </b> The growth in the historic period can be attributed to increased biopharmaceutical production, growth in analytical and research applications, pharmaceutical industry growth, increased academic and clinical research, growth of the phramaceutical industry
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The chromatography resins market size is expected to see strong growth in the next few years. It will grow to <b>$4.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. </b> The growth in the forecast period can be attributed to increasing drug development, precision medicine research, regulatory and quality standards, emerging market growth, growing green chemistry initiatives. Major trends in the forecast period include introduction of separation technologies, technological advancements, customized resin solutions, industrial and biotechnology innovations, and advanced chromatography techniques.
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Segmentation & Regional Insights
The chromatography resins market covered in this report is segmented –
1) By Product Type: Native, Synthetic
2) By Technology Type: Affinity Chromatography, Anion Exchange Chromatography, Cation Exchange Chromatography, Size Exclusion, Hydrophobic Interaction
3) By Application: Pharmaceutical And Biotechnology, Food And Beverage, Water And Environmental Analysis, Other Applications
<b>North America</b> was the largest region in the chromatography resins market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the market. The regions covered in the chromatography resins market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising prevalence of cancer cases across the globe is likely to contribute to the growth of the chromatography resins market. Monoclonal antibodies are targeted cancer therapies used to treat cancer and chromatography resins are media used to capture and polish monoclonal antibodies (mAbs), and other biomolecules. The increasing prevalence of cancer is thus expected to increase the demand for chromatography resins. For instance, in January 2022, according to the American Cancer Society, there were an estimated 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the United States, resulting in approximately 1,670 daily fatalities. Globally, the four predominant cancer types lung, prostate, colorectal, and breast cancer in women comprise 43% of all newly diagnosed cancer cases. Hence, the rising prevalence of cancer is expected to generate more demand for cancer therapies, increasing the monoclonal antibodies demand and thus driving the market for chromatography resins.
Key Industry Players
Major companies operating in the chromatography resins market include <b> Merck KGaA, Bio-Rad Laboratories Inc., GE Healthcare Life Sciences, Thermo Fisher Scientific Inc., Purolite Corporation, W. R. Grace and Company, Mitsubishi Chemical Corporation, Tosoh Corporation, Danaher Corporation, Life Technologies Corporation., Repligen Corporation, Pall Corporation a Danaher operating company under the Cytiva brand, Cytiva a Danaher operating company, Bio-Works Technologies AB, E. I. du Pont de Nemours and Company, Agilent Technologies Inc., Avantor Inc., Waters Corporation, Nouryon Holding B.V., ChromaTan Corporation, BIA Separations GmbH, KANEKA Corporation, Sepax Technologies Inc., YMC Co Ltd., Phenomenex Inc., MilliporeSigma, “Roche Diagnostics International Ltd, Axion BioSystems Inc. </b>
The chromatography resins market report table of contents includes:
1. Executive Summary
2.Chromatography Resins Market Characteristics
3.Chromatography Resins Market Trends And Strategies
4.Chromatography Resins Market analysis
5.Chromatography Resins Market Size And Growth
6. Chromatography Resins Segmentation
7.Chromatography Resins Regional And Country Analysis
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27.Chromatography Resins Competitive Landscape And Company Profiles
28.Chromatography Resins Key Mergers And Acquisitions
29.Chromatography Resins Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Merck KGaA
- Bio-Rad Laboratories Inc.
- GE Healthcare Life Sciences
- Thermo Fisher Scientific Inc.
- Purolite Corporation
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